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Traditionally, the Jardines promote from within their group (those with finance/MBA background). They last did with an external hire at DFI some time ago as the company was losing its relevance and needed a turnaround.
Now the Jardines have bought in another external hire to helm Mandarin Oriental. And this external hire does not have the traditional background of their typical promote-from-within.
MANDARIN ORIENTAL ANNOUNCES LEADERSHIP TRANSITION WITH LAURENT KLEITMAN TO SUCCEED JAMES RILEY AS GROUP CHIEF EXECUTIVE
– Laurent Kleitman has been appointed as Group Chief Executive of Mandarin Oriental International Limited with effect from 1st September 2023. He will succeed James Riley who has been the Group Chief Executive of Mandarin Oriental since 2016 and will be stepping down.
Laurent was most recently the President and Chief Executive of Parfums Christian Dior, the largest luxury fashion beauty business of LVMH. He was responsible for the business globally, managing the luxury brand’s perfume, make-up, and skincare categories. Prior to joining LVMH in 2019, Laurent was President of the Consumer Beauty division of Coty, a NYSE listed leading beauty company with a portfolio of well-known brands across fragrance, colour cosmetics, and skin and body care. Prior to that, he spent 25 years at Unilever and held global and regional leadership roles covering the UK, Europe, and Asia, across its personal care, home care, and food businesses
https://links.sgx.com/FileOpen/MOIL.ashx...eID=757618
Now the Jardines have bought in another external hire to helm Mandarin Oriental. And this external hire does not have the traditional background of their typical promote-from-within.
MANDARIN ORIENTAL ANNOUNCES LEADERSHIP TRANSITION WITH LAURENT KLEITMAN TO SUCCEED JAMES RILEY AS GROUP CHIEF EXECUTIVE
– Laurent Kleitman has been appointed as Group Chief Executive of Mandarin Oriental International Limited with effect from 1st September 2023. He will succeed James Riley who has been the Group Chief Executive of Mandarin Oriental since 2016 and will be stepping down.
Laurent was most recently the President and Chief Executive of Parfums Christian Dior, the largest luxury fashion beauty business of LVMH. He was responsible for the business globally, managing the luxury brand’s perfume, make-up, and skincare categories. Prior to joining LVMH in 2019, Laurent was President of the Consumer Beauty division of Coty, a NYSE listed leading beauty company with a portfolio of well-known brands across fragrance, colour cosmetics, and skin and body care. Prior to that, he spent 25 years at Unilever and held global and regional leadership roles covering the UK, Europe, and Asia, across its personal care, home care, and food businesses
https://links.sgx.com/FileOpen/MOIL.ashx...eID=757618